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Uber Sells Business in Southeast Asia to Grab

Uber Sells Business in Southeast Asia to Grab

Posted by on Mar 26th, 2018

Uber, the giant of ride-hailing services, is selling its Southeast Asia business to Grab, its rival in the region, while gaining a substantial stake in the fast growing ride-hailing, financial... 
Kroger and Alibaba Hold Business Development Talks

Kroger and Alibaba Hold Business Development Talks

Posted by on Jan 25th, 2018

U.S. grocery store chain Kroger Co. and Chinese e-commerce and tech giant Alibaba Group Holdings have held early stage talks about working together, that included meetings where U.S. executives... 
Chairman of Lotte Receives Suspended Sentence

Chairman of Lotte Receives Suspended Sentence

Posted by on Dec 23rd, 2017

On Friday a court in Seoul found Shin Dong-bin the Chairman of the Lotte Group guilty of embezzlement and breach of trust and promptly gave him a prison sentence of 20 months, that was suspended... 
Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

Posted by on Dec 21st, 2017

The Bank of New York Mellon froze $22 billion in assets that the Kazakhstan National Fund holds due to a lawsuit that was launched by Anatolie Stati a Moldovan businessman and his businesses... 
Lyft Begins Service in Canada Its First International Venture

Lyft Begins Service in Canada Its First International Venture

Posted by on Dec 13th, 2017

U.S. based Lyft Inc. the ride-hailing company launched on Tuesday its service north of the border in Toronto, marking its first venture outside the U.S. in its battle against Uber Technologies. Lyft... 
U.S. Embassies Expect Possible Violent Backlash Over Jerusalem

U.S. Embassies Expect Possible Violent Backlash Over Jerusalem

Posted by on Dec 7th, 2017

Several United States embassies throughout the Middle East are warning of backlash that they labeled potentially violent in response to the decision by U.S. President Donald Trump to recognize... 
Sanofi Cooperating On Vaccine for Dengue with Government

Sanofi Cooperating On Vaccine for Dengue with Government

Posted by on Dec 4th, 2017

Sanofi, the maker of a dengue fever vaccine, which is suspended in the Philippines following a recent study that showed more of a risk of severe cases for people without a prior infection, said... 
OPEC Says Cuts in Oil Supply Will Extend Through 2018

OPEC Says Cuts in Oil Supply Will Extend Through 2018

Posted by on Nov 30th, 2017

The largest producers in OPEC have signaled that they would extend the cuts in the production of oil through the end of 2018 to complete the job of rebalancing the oversupplied world market. Saudi... 
Single’s Day: World’s Biggest One Day of Shopping Sets Record

Single’s Day: World’s Biggest One Day of Shopping Sets Record

Posted by on Nov 11th, 2017

Chinese consumers continue spending billions of dollars while shopping online for things from dog supplies to diamonds during Single’s Day, which is a once-a-year promotion that has ballooned... 
Sales of Toyota in China Expected to Have Steady Growth

Sales of Toyota in China Expected to Have Steady Growth

Posted by on Nov 3rd, 2017

Toyota Motor Corp, the largest automaker in Japan by volume, has dropped to No. 3 amongst automakers from Japan in China, due to not having a presence in one of the key segments – a situation... 
Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Posted by on Oct 23rd, 2017

Merrill Lynch, a unit of Bank of America, was fined on Monday in the amount of $45.5 billion by the Financial Conduct Authority in Britain for not reporting details of its trading in exchange-traded... 
Peace Helps Revive Colombian Coffee

Peace Helps Revive Colombian Coffee

Posted by on Oct 21st, 2017

Farmers who left the Colombian Andes during the civil war in the South American country are now returning to revive their abandoned farms, cultivating coffee that is boosting the supply globally... 
Sidewalk Labs Turning Area of Toronto Into Smart City

Sidewalk Labs Turning Area of Toronto Into Smart City

Posted by on Oct 18th, 2017

Sidewalk Labs, owned by Alphabet the parent company of Google, focuses on technologies for smart cities, and will build a complete, mixed-use community in Toronto’s eastern waterfront, with... 
Venezuela Will No Longer Accept Payment for Oil in U.S. Dollars

Venezuela Will No Longer Accept Payment for Oil in U.S. Dollars

Posted by on Sep 16th, 2017

In Venezuela this week the government announced that it would no longer be accepting payments in U.S. dollars for the oil it sells. This is a huge shift from typical practices in the oil market. The... 
Insurers Add Up Hurricane Costs in Monte Carlo

Insurers Add Up Hurricane Costs in Monte Carlo

Posted by on Sep 11th, 2017

While Hurricane Irma battered the state of Florida on Sunday, the top players in the world of insurance were gathered in sunny Monte Carlo assessing costs of the monstrous storm for the worldwide... 
Strongest Earthquake in Last Century Shakes Mexico

Strongest Earthquake in Last Century Shakes Mexico

Posted by on Sep 8th, 2017

On Thursday night, Mexico was hit was a massive earthquake. The quake was the strongest in over 100 years, shaking Mexico City buildings and killing dozens in the southern states of Oaxaca and... 
Tiny Caribbean Islands Devastated By Irma Now Have Jose Approaching

Tiny Caribbean Islands Devastated By Irma Now Have Jose Approaching

Posted by on Sep 7th, 2017

As Hurricane Irma’s worst winds, rains and tide surges departed the reef-ringed beaches of Antigua and Barbuda on Wednesday, Prime Minister Gaston Browne proudly proclaimed that no other nation... 
CBS Acquiring Ten Network in Australia

CBS Acquiring Ten Network in Australia

Posted by on Aug 28th, 2017

CBS Corp, the most watched TV network in the United States, said on Monday it would acquire Ten Network Holdings, its largest customer in Australia, and would launch a streaming service in Australia... 
China Exports and Imports for July Weaker Than Were Expected

China Exports and Imports for July Weaker Than Were Expected

Posted by on Aug 8th, 2017

China’s imports and exports expanded much less than had been expected during July, increasing the worries over if global demand was beginning to cool even as major central banks across the...